February 14, 2013 — John Tumazos, Chairman of the Board, Texas Rare Earth Resources Corp. (OTCQX: TRER) in an interview with Tracy Weslosky, Publisher of ProEdgeWire (ProEdgeWire.com) states: “We believe we are the richest beryllium deposit known” and adds “we think we have the best logistics in the world and the lowest mining costs per ton of any mine in North America of any type.”
Tumazos noted that TRER is a “multi-trick pony” deposit having 25 minerals, 15 of which rare earths and two energy minerals. TRER has the capability to recover 18 or 19 of these, which suggests that the property could “earn an economic return from the 15 rare earths alone or uranium and thorium alone”. TRER can also capitalize on its beryllium (298,000 ton historical resource estimate) and niobium resources. It should be an exciting 2013 for TRER
Disclaimer: Texas Rare Earth Resources Corp. is a member of ProEdgeWire.
http://trer.com/wp-content/uploads/2013/01/Jan2013Annual_Report_to_Shareholders.pdf
Reading this Annual Report makes you think twice (or more) to invest in TRER, a little excerpt:
QUOTE:
Competition
The mining industry is highly competitive. We will be competing with numerous companies, substantially all with greater
financial resources available to them. We therefore will be at a significant disadvantage in the course of acquiring mining
properties and obtaining materials, supplies, labor, and equipment. Additionally, we are and will continue to be an insignificant
participant in the business of exploration and mineral property development. A large number of established and well-financed
companies are active in the mining industry and will have an advantage over us if they are competing for the same
properties. Nearly all such entities have greater financial resources, technical expertise and managerial capabilities than ourselves
and, consequently, we will be at a competitive disadvantage in identifying possible mining properties and procuring the same.
UNQUOTE
Heavyweight?
Typical boilerplate legalese required by the SEC and the Canadian authorities and other financial regulators.
Investors have to look beyond that to the value of the investment. In this case, at least, seems considerable indeed.